Oyu Tolgoi LLC is a Mongolian company, jointly owned by Erdenes Oyu Tolgoi LLC on behalf of the Government of Mongolia (34 per cent) and Canadian-based Turquoise Hill Resources (66 per cent). Turquoise Hill Resources is listed on the Toronto and New York Stock exchanges. Rio Tinto has a 50.8% interest in Turquoise Hill. Rio Tinto also manages Oyu Tolgoi on behalf of the partnership.
Oyu Tolgoi is led by a Management Team of experts in all aspects of the mining business, and this team drives the strategic agenda for the business. Oyu Tolgoi’s Board of Directors, made up of representatives of all shareholders, plays an oversight and decision making role in support of the strategic direction of the company.
At the end of December 2015, over 95 per cent of Oyu Tolgoi’s workforce was Mongolian, of which 21.7 per cent were from the South Gobi community.
Oyu Tolgoi is governed by a code of business conduct, called The way we work. The way we work sets out the principles which guide the behaviour of everyone at Oyu Tolgoi and the decisions that the business makes. It includes standards on environmental protection, sustainable development, avoiding corruption, and the rights and responsibilities of our workforce.